Oct 29 2009

That was not overly active but nicely profitable day. 5 calls, 5 wins - JNPR, CAT, FITB, HGSI, AMZN - everything danced just right. Market bounced just as yesterday's forecast had it.

Session Time: Thu Oct 29 00:00:00 2009

[07:26] {KSystems} Morning

[08:30] {Threei} Thursday, October 29, 2009 8:30:02 AM

[08:30] {Threei} *Q3 ADVANCED GDP PRICE INDEX: 0.8% V 1.4%E

[08:30] {Threei} INITIAL JOBLESS CLAIMS: 530K V 525KE; CONTINUING CLAIMS: 5.797M V 5.905ME

[08:30] {Threei} *Q3 ADVANCED GDP PRICE INDEX: 0.8% V 1.4%E; CORE PCE Q/Q: 1.4% V 1.4%E

[08:34] {nemo} market seems to like that report

[08:35] {Threei} not sure why but market is simply ready for bounce... it would have liked anything

[08:35] {nemo} yes

[08:40] {Threei} (US) Fed's Tarullo: new capital liquidity rules will end "too big to fail" issue; considering quantitative liquidity standards

[08:40] {Threei} **Reminder: On 10/14 Tarullo said that banks face further risk of sizable credit losses, banking system remains fragile, loan qualifications are poor

[08:40] {strider} "the Great Recession is over." Party Time!

[08:40] {nemo} yeah...but what about all that "off-balance" sheet stuff?

[08:41] {nemo} crock of taurine excrement

[08:41] {Threei} why's HIG so happy?

06[08:41] * strider slaps nemo around a bit with a large trout

[08:41] {nemo} all "financial" institutions

[08:49] {strider} mIRC sure is a pita

[08:49] {Threei} hmm?

06[08:49] * nemo slaps strider around a bit with a large 2X4 with rusty nails

[08:49] {strider} Well, it's complicated. Never mind.

[08:50] {nemo} complicated as a hang-nail.

[08:50] {strider} Have to reboot computer when I switch ISPs.

[08:50] {strider} Because of mIRC}

[08:50] {strider} Won't reconnect without it.

[08:51] {Threei} shouldn't be this way

[08:51] {strider} I agree!

[08:51] {strider} Life is hard.

[08:51] {Threei} File - Recent Servers, click on top one

[08:51] {Threei} it should reconnect

[08:52] {strider} When I switch, I should log off IRC first. Always forget. So it still thinks strider is logged on, even after disconnect.

[08:53] {Threei} ahhha

06[08:53] * strider slaps strider around a bit with a large trout

[08:53] {nemo} use the 2X4

[08:53] {Threei} it's not mirc itself then, it's server that doesn't get right message

[08:53] {strider} I guess.

[08:54] {strider} I don't know where the 2 x 4 is, nemo. Just found the trout yesterday afternoon.

[08:54] {nemo} bottom of the same menu..produces a text entry box

06[08:54] * nemo slaps strider around a bit with a large lead pipe

[08:55] {Threei} he doesn't have it unless he installed that custom-made script nemo

[08:55] {Threei} remember, one that KS wrote

[08:55] {ese} good morning

[08:55] {nemo} oh yeah...magoo went nuts on me until I got that script installed

[08:55] {nemo} dude

[08:55] {Threei} ese :)

[08:56] {Threei} magoo? went nuts?

[08:56] {Threei} wasn't very long trip, was it

[08:56] {nemo} figure of speech..already there...I know

[08:56] {_Les__} How can I smack Nemo around the head before he gets me... you know, a preemptive strike?

[08:57] {Threei} those are illegal now, les

06[08:57] * nemo slaps _Les__ around a bit with a large round of Swiss Cheese

[08:57] {ese} dude

[08:57] {ese} vad

[08:57] {Threei} now you have all the rights

[08:58] {nemo} any thoughts on the open Vad?

[08:58] {_Les__} no dice paying Bear with online banking. Gonna have to visit a bank branch for first time in 7 years. Go figure.

[08:58] {nemo} Yeah...that was no fun

[08:58] {strider} AIG gapped up a buck

[08:59] {nemo} all "financials" gapped big

[08:59] {Threei} thoughts? you are glattering me

[08:59] {nemo} amzn upp a couple

[08:59] {nemo} "glattering"???

[08:59] {strider} Stop glattering 3i, nemo.

[09:03] {strider} MOT forming range

[09:03] {Threei} FSLR too... just 2 bucks range

[09:03] {strider} np

[09:09] {Threei} BLTXX Baltic Dry Bulk Index up 0.9% for first gain in 3 days

[09:09] {fernp} good morning everybody

[09:09] {Threei} fern :)

[09:10] {ese} vad where do you find that info re the baltic dry index

[09:11] {Threei} my news supply

[09:11] {ese} i have the same news supply i think ....trade the news

[09:11] {Threei} look under Headlines

[09:12] {Threei} 9:08 item

[09:12] {ese} tks

[09:12] {Threei} see it?

[09:12] {nemo} huh? V at a 52 week high?

[09:12] {nemo} sheesh

[09:12] {ese} ya....just missed it

[09:14] {nemo} Mmhhhh...Fed ending treasury purchase program...how they going to hold down interest rates now?

[09:17] {nemo} akam up over $2

[09:20] {ese} that makes sense......daily chart looks good

[09:22] {lasertrev} gm

[09:22] {fernp} trev :)

[09:22] {ese} LLLLLTTTTTTT!!!!!!

[09:23] {Threei} trev :)

[09:25] {dino} gm

[09:25] {Threei} dino :)

[09:25] {Threei} so... my bounce materialized, only in the most useless manner - via overnight gap

[09:26] {fernp} when clocks are moved back one hour in USA? This weekend or the next one

[09:26] {_Les__} LT, Dino. who's putting drugs in drinking water? Everyone is smiley face @ 9am. not normal that.

[09:26] {_Les__} 1 Nov

[09:26] {strider} this weekend I think

[09:26] {fernp} ty

[09:26] {nemo} Saturday night

[09:26] {_Les__} US markets open too early right now. Europe has already switched over.

[09:27] {fernp} yeah :) my lunchtime now

[09:27] {nemo} yeah...another brilliant idea by Congress

[09:27] {KSystems} otcer!

[09:27] {KSystems} welcome!

[09:27] {dino} dk les

[09:27] {ese} wanted drys to tank a litle more......

[09:27] {_otcer_} thanks

[09:27] {ese} OOOOOTTTTTTT!!!!!

[09:28] {ese} hows that for a welcome

[09:28] {_otcer_} wow

[09:28] {_otcer_} how did you know

[09:28] {ese} your welcome......

[09:28] {Threei} drinking started early I see

[09:28] {strider} X in 20 cent range

[09:29] {Threei} JNPR

[09:29] {Threei} look daily

[09:29] {Threei} very bounce-ready

[09:29] {dino} fslr gap around 122 fwiw

[09:29] {Threei} let's see if we get an opening range

[09:29] {Threei} HIG, want pullback

[09:31] {_Les__} Who kicked FSLR to the kerb?

[09:32] {_otcer_} ese, please look PM

[09:32] {strider} jnpr bad spread

[09:32] {strider} now better :)

[09:32] {Threei} Long Setup: JNPR .20 break if stays above .10

[09:33] {nemo} big order .15

[09:35] {ese} what the heck......i am not getting the fills that i want to get.....had an order in for jnpr.....but it would not fill me.....F^&%$

[09:35] {Threei} over 1:1

[09:35] {Threei} you know my answer ese...

[09:35] {ese} yes

[09:36] {Threei} 1:2

[09:36] {Threei} out

[09:36] {fernp} ty vad

[09:36] {Threei} welcome sir

[09:36] {ese} great call vad

[09:36] {fernp} sir? im fern :)

[09:36] {strider} out +.10 +20

[09:36] {nemo} ty

[09:36] {Threei} welcome sirs

[09:36] {Threei} see fern? :)

[09:37] {fernp} yes yes

[09:37] {fernp} everyone is sir

[09:37] {Threei} except those who are ma'am

[09:37] {dino} trv hl l .00

[09:38] {strider} hl?

[09:38] {Threei} half lot

[09:38] {strider} tx

[09:40] {dino} fslr hit gap area 122s

[09:41] {dino} ash sm l .75

[09:42] {Threei} US) Obama Ecoomic Advisor Romer: Encouraging GDP data, but economy still losing jobs

[09:42] {Threei} - Much more work to do in economy to restore job market growth

[09:43] {_Les__} Vad, you were out, then went back in? Why "out" and then "half lot"?

[09:43] {_Les__} jnpr of course

[09:43] {Threei} ??

[09:43] {Threei} I was out at .40

[09:44] {Threei} half lot remark was answer to strider's question

[09:44] {_Les__} ok

[09:44] {Threei} [09:37] {dino} trv hl l .00

[09:44] {Threei} [09:38] {strider} hl?

[09:44] {Threei} [09:38] {Threei} half lot

[09:44] {nemo} regarding Dino's buy

[09:44] {nemo} damn...kickin' myself in the pittuti

[09:44] {dino} you guys are confusing today

[09:44] {nemo} AIG DT, so obvious

[09:46] {strider} HMIN?

[09:46] {dino} ash ash stopped -.33

[09:47] {Threei} FITB

[09:47] {Threei} watching for bounce

[09:47] {nemo} here?

[09:47] {dino} brb

[09:48] {Threei} Long Setup: FITB .10 break if holding above .05

[09:49] {cosmo} AKAM 22.73 hod ...so far

[09:53] {Threei} HIG on watch

[09:54] {Threei} one more dive before I get interested in bounce

[09:55] {_Les__} Vad - .10 break - u mean 10 cent scalp? or 10 cents both ways i.e., sell trigger/stop?

[09:56] {Threei} 9.10 break is an entry trigger

[09:56] {_Les__} ok

[09:57] {nemo} les, no colors on your print please stay with black

[09:57] {dino} lhcg

[09:58] {Threei} missed HIG

[09:59] {Threei} had this idea of .20 being bottom for it but needed some structure to the setup, and never got it

[09:59] {Threei} FITB over 1:2

[09:59] {Threei} 1"1

[09:59] {fernp} out FITB ty

[09:59] {Threei} scalpers get out

[09:59] {Threei} daytraders sell half

[09:59] {Threei} and try for .24-.25 for second half

[09:59] {Threei} stop to .09

[10:00] {ese} l drys .25

[10:00] {Threei} ese... tell me you got it... your stock, your type of play

[10:00] {gnslng} that helped me, cause i got in late thank you

[10:00] {Threei} 25K little buggers and your day is done

[10:00] {Threei} welcome gnsl

[10:01] {dino} sm l lhcg .88

[10:01] {dino} gappy\

[10:01] {Threei} Les

[10:01] {Threei} [09:48] {Threei} Long Setup: FITB .10 break if holding above .05

[10:01] {Threei} meaning:

[10:01] {Threei} enter long when FITB breaks 9.10,

[10:02] {Threei} do so only if it doesn't drop under 9.05 before triggering,

[10:02] {Threei} srtop is under 9.05,

[10:02] {ese} yup

[10:02] {Threei} 1:1 will be reached at 9.16-9.17

[10:02] {dino} stop lhcg is break of lod

[10:02] {Threei} that's our standard setup structure derived from the call

[10:03] {nemo} srtop=stop

[10:03] {ese} was waiting for bottom of some kind today ...or as the case may be double.....this is not a scalp for me vad

[10:04] {Threei} well, trade management is in the eyes of the beholder

[10:04] {Threei} I just provide guidelines for the structure

[10:04] {ese} this whole move in drys ....in my opinion....is end of month beginning of month type of thing.....will probably be out next week sometime and then have to go through the whole process again

[10:05] {Threei} but I was talking about FITB, not DRYS :)

[10:05] {Threei} there you go

[10:05] {Threei} second target is reached

[10:05] {Threei} I am out in full

[10:05] {ese} ahhhhhh.....sorry not watching fitb this morning

[10:05] {Threei} oh come on... I got you 15 cents on your favorite stock

[10:06] {Threei} and you don't even watch

[10:06] {Threei} I am so deeply hurt

[10:06] {_Les__} ty Vad

[10:06] {Threei} welcome

[10:06] {nemo} crocodile ters

[10:06] {nemo} tears

[10:06] {_Les__} not even a little red Nemo?

[10:06] {nemo} no

[10:06] {Threei} Les don't

[10:06] {Threei} color is there for a reason

[10:06] {nemo} red is for short calls

[10:06] {ese} i know i know.......(head hanging low........disgusted with self.....mentor is help and have ignored him)

[10:07] {Threei} green for long setups, red for short

[10:07] {Threei} visual recognition

[10:07] {_Les__} well I'm glad I got in your faces - I learn quicker like that

[10:07] {strider} out FITB in full, thanks Vad

[10:07] {Threei} strider :)

[10:08] {ese} and don't for sake the mentor

[10:08] {fernp} JBLU two days breakout?

[10:09] {Threei} don't know fern... tough one

[10:16] {fernp} LUV interesting

[10:18] {Threei} things suddenly stalled

[10:18] {nemo} we saw alot of these...overnight gap...spike up...coma

[10:19] {ese} L hban..88

[10:19] {strider} hgsi?

[10:19] {Threei} HGSI worth a try

[10:19] {Threei} .41

[10:19] {Threei} stop under .30

[10:21] {magoo} hey

[10:21] {nemo} in the woods this morning?

[10:22] {Threei} sheesh mags

[10:22] {Threei} note from parents

[10:22] {nemo} aig forming upward wedge

[10:22] {magoo} big race weekend, was working on motorcycles early..gonna leave here early too

[10:23] {Threei} missed couple nice ones

[10:23] {magoo} will be out friday, at track fri/sat/sunday

[10:23] {Threei} and third in progress

[10:23] {magoo} which

[10:23] {Threei} too close to 1;1, not fore entry

[10:23] {nemo} what's the 3rd?

[10:23] {Threei} not telling you so you don't chase

[10:24] {fernp} HGSI nemo

[10:24] {ese} out hban .92 +.04

[10:24] {nemo} oh

[10:24] {Threei} market sharp drop

[10:25] {Threei} let's trail HGSI to .35

[10:26] {fernp} out HGSI +.09, thanks strider, vad

[10:26] {strider} me too, +09

[10:27] {strider} small c&h URBN

[10:27] {Threei} back to JBLU, fern, little comment:

[10:27] {fernp} tell me

[10:27] {Threei} this thing is playable when for this or that reason it has momentum

[10:28] {Threei} news... or sector strength

[10:28] {Threei} otherwise it's so slow that two things happen

[10:28] {Threei} one, it tortures you using all ancient chinese recipes

[10:28] {fernp} lol

[10:28] {Threei} another, it moves with no structure

[10:28] {nemo} fcx strong on market drop

[10:29] {Threei} seemingly forms something,

[10:29] {Threei} then makes sudden move to out of setup bounds prices,

[10:29] {Threei} shakes you out,

[10:29] {Threei} then returns withing the range just as suddenlt

[10:29] {fernp} ok. I see. TY

[10:29] {Threei} wow, mibbit outage?

[10:30] {fernp} hello???

[10:30] {Threei} you are on mirc... you OK

[10:30] {KSystems} its pinky and the brain

[10:30] {fernp} mirc works fine

[10:30] {Threei} mibbit users got kicked out

[10:30] {KSystems} they took over the world

[10:31] {KSystems} i cant even get to their blog

[10:31] {KSystems} caught their whole network probably

[10:32] {KSystems} lets wait and see what happens when their routers come to life

[10:33] {KSystems} no, their website is working fine

[10:34] {Threei} HGSI over 1:1

[10:35] {Threei} 1:2

[10:36] {fernp} 1:3 great call

[10:36] {Threei} 1:3 but I am no longer there

[10:36] {Threei} great find strider

[10:37] {strider} HGSI: premature evacuation. :(

[10:37] {fernp} here too

[10:37] {Threei} lol

[10:37] {Threei} Market Internals update at 10:30amET

[10:37] {Threei} - NYSE volume 305M shares, about 8% above its three-month average; advancers lead decliners by 5.6:1.

[10:37] {Threei} - NASDAQ volume 560M shares, about even to its three-month average; advancers lead decliners by 3.2:1.

[10:37] {Threei} - VIX index -6.5% to just over 26.00

[10:38] {Threei} 1:4

[10:38] {strider} STOP IT!

[10:38] {Threei} why... it calls sharing joy

[10:38] {nemo} schadenfreude

[10:38] {strider} yeah, what he said.

[10:39] {Threei} I amnot studying 5th laguage

[10:39] {nemo} very little adult supervision around here

[10:47] {strider} RIMM c&h, 40 cent range though

[10:48] {nemo} and larger upward wedge

[10:48] {strider} thar she blows

[10:49] {nemo} stop would have been about .60

[10:50] {strider} failure to thrive syndrome

[10:50] {nemo} fcx, tck, resource stocks holding upward trend line all morning

[10:52] {strider} RIMM

[10:54] {fernp} mibbit is still down. widget.mibbit.com is offline

[10:58] {Threei} BCRX Hearing strength being attributed to upcoming interview on CNBC

[10:58] {Threei} - Mike Huckman is scheduled to interview the CEO at 1:20pmET today. (9.60, +0.42, 4.58%) (related NVAX )

[11:02] {Threei} HGSI over 1:6

[11:05] {Threei} 1:7... yawn

[11:13] {Threei} (US) Pres Obama: Still a long way to go before economy restored, despite positive GDP data

[11:13] {Threei} - Key benchmark for economic strength is job creation

[11:13] {Threei} **Reminder: earlier this morning Obama Economic Advisor Romer said there was encouraging Q3 GDP data, but economy still losing jobs

[11:20] {Threei} Long Setup: CAT .30 break half lot

[11:20] {fernp} in

[11:20] {Threei} stop under .15

[11:23] {Threei} 1:1

[11:24] {fernp} ty Vad. You are inspired today

[11:24] {Threei} :)

[11:26] {Threei} US Treasury Geithner: Will discuss possible options for GSEs FNM and FRE next year (related FNM FRE )

[11:26] {Threei} yeah, what's his hurry

[11:39] {Threei} total paralysis in the market

[11:40] {Threei} even AIG is not moving

[11:41] {Threei} chart wise, .60 break is long trigger

[11:42] {fernp} HIG breaking too

[11:42] {Threei} not sure it's worth the risk

[11:42] {Threei} AIG I mean

[11:43] {Threei} lately it ignores patterns

[11:43] {fernp} lunchtime and paralysis... ad combination

[11:44] {fernp} ad=bad

[11:44] {Threei} yeah

[11:44] {nemo} hangover rally...wake up...look to your left...oh oh...what did I do

[11:45] {fernp} HIG is holding better

[11:47] {fernp} small shares. trying HIG .86 w/stop under .75

[11:48] {nemo} scalp it fern

[11:49] {Threei} ECB source notes ECB against a $1.50 exchange rate over medium term; will urge China to allow Yuan appreciation - unconfirmed report

[11:49] {Threei} - ECB concerned about a rapidly appreciating Euro; concerned about an FX intervention without Chinese and US support

[11:49] {Threei} - Reminder: EU's Verhuegen today commented that China has a competitive advantage due to FX and the G20 should discuss 'artificially' low currencies

[11:50] {nemo} kinda' funny, China can blame it on the US

[11:53] {Threei} guess

[11:53] {Threei} who

[11:53] {Threei} is

[11:53] {nemo} Jeff Rosenbloom

[11:54] {Threei} wow... nemo changes orientation

[11:54] {nemo} "but there's nothing wrong with that"

[11:54] {nemo} FCX symmetrical triangle

[11:54] {Threei} of course not

[11:55] {Threei} but I prefer to know

[11:55] {Threei} just in case

[11:55] {nemo} broke up last time

[11:55] {nemo} down this time

[11:55] {Threei} next time you return from the bar with a few glasses of vodka

[11:55] {nemo} not my type Vad

[11:56] {Threei} that's a relief

[11:56] {Threei} KS, no word from mibbit still?

[11:57] {nemo} Geri Atric

[11:58] {fernp} there is a free irc client (very similar to mirc) called "ClicksAndWhistles"

[11:58] {fernp} I am using it now and works fine. It is almost identical to mirc but is free

[11:58] {fernp} the link to download it http://download.softpedia.com/dl/56d8f1eb54bdad6055779ea9ae10dfff/4ae9b6a1/100094194/software/internet/im/ClicksAndWhistles.zip

[11:58] {nemo} yeah, but can you trout with it?

[11:59] {Threei} does it require same configuration as mIRC?

[11:59] {fernp} the same one

[11:59] {KSystems} some of it is already working again

06[11:59] * fernp slaps nemo around a bit with a large trout

[11:59] {Threei} well, that's the problem

[11:59] {fernp} too complex?

[11:59] {Threei} we are trying to provide mibbit as immediate painless way to connect

[12:00] {Threei} trialer signing up for a week, no point in going throgh complicated mirc configuration

[12:01] {KSystems} ok it seems to be up again

[12:01] {KSystems} if people start connecting now :)

[12:01] {Threei} Sorry for the downtime

[12:01] {Threei} October 27th, 2009

[12:01] {Threei} Unfortunately our webhost had some issues tonight and had to power cycle each server.

[12:01] {Threei} It looks like everything is working fine now, but apologies for any downtime.

[12:01] {Threei} from their blog

[12:01] {KSystems} oct 27th

[12:01] {Threei} but we didn't have any

[12:02] {Threei} so, was it prophetic p;ost on their part?

[12:02] {KSystems} he says "tonight" so it probably wasnt during market hours

[12:02] {Threei} oh

[12:02] {Threei} still broken

[12:02] {Threei} I just tried to click from our page

[12:03] {Threei} does it work for you KS??

[12:03] {KSystems} ok...wiki and blog are already up again, and as they were down too even a few minutes ago, i think they are getting their stuff running again

[12:08] {KSystems} can someone kick the snp future one tick higher please

[12:08] {KSystems} this is getting on my nerves

[12:09] {Threei} sure... why didn't you ask earlier

[12:09] {fernp} out HIG .99 I forgot about it

[12:09] {Threei} there you go

[12:09] {Threei} lol fern

[12:10] {Threei} that's what I call stress-free trading

[12:10] {fernp} im busy with this new program...

[12:10] {KSystems} thanks to whoever it was

[12:10] {fernp} lol

[12:10] {KSystems} which program, fern?

[12:10] {Threei} what do you mean whoever it was?

[12:10] {nemo} kicked the futures

[12:10] {KSystems} oh sorry, it was you

[12:10] {KSystems} of course, thanks

[12:10] {Threei} sigh

[12:10] {fernp} clockandwhistles

[12:10] {fernp} clicks...

[12:11] {KSystems} oic

[12:11] {Threei} what's the point fern?

[12:12] {fernp} create a scrip where users just have to write nick and passwd

[12:12] {nemo} Trouting is much more important

[12:12] {Threei} if it's possible with that one, must be possible with mirc as well?

[12:13] {fernp} yes

[12:13] {KSystems} yes it is

[12:13] {Threei} maybe we'd better have it unified then

[12:13] {KSystems} problem is, integrating that script into mirc is equally difficult

[12:13] {KSystems} and having it ship with mirc like the previous one for chatspace is against the license agreement

[12:14] {fernp} that's the point

[12:14] {Threei} oh I see

[12:14] {Threei} makes sense

[12:14] {KSystems} but look vad you can put a cool background image to chlicksandwhistles

[12:14] {KSystems} http://clicksandwhistles.com/screenshots/ClicksAndWhistlesScreenshot2.png

[12:14] {KSystems} oh wait

[12:14] {KSystems} hey you can do that with mirc too

[12:14] {Threei} I am just not very confident in free product that may be left with no support

[12:14] {KSystems} if i just had knows this earlier!!

[12:15] {Threei} after all, how often we see such outages in mibbit?

[12:15] {Threei} it's probably second time in a year

[12:15] {nemo} yeah...but if it's at a functional stage that is useable..functionality requirements for this application will always be relatively minimal

[12:17] {fernp} but clicks... is GPL we can not sell it, but we can inform about our modificactions in a txt and be safe...

[12:19] {Threei} I had doubts about HIG 25 break

[12:19] {Threei} too bad

[12:19] {nemo} just broke resistance at 15 next resistance 25.50

[12:19] {Threei} Market Internals update at 12:00pmET

[12:19] {Threei} - NYSE volume 545M shares, about 12% above its three-month average; advancers lead decliners by 5.7:1.

[12:19] {Threei} - NASDAQ volume 1.02B shares, about 1% above its three-month average; advancers lead decliners by 3.3:1.

[12:19] {Threei} - VIX index -8.5% to just over 25.50

[12:19] {KSystems} yes you'd be able to ship clicks for free with pre-configuration for RT

[12:20] {KSystems} doesnt matter if the service it connects to is commercial

[12:27] {gnslng} .

[12:28] {Threei} mibbit is back gnsl?

[12:28] {gnslng} ty

[12:30] {KSystems} nope

[12:30] {KSystems} this volatility is incredible

[12:31] {nemo} K? where were you last winter?

[12:31] {Threei} lol

[12:31] {Threei} no kidding

[12:31] {nemo} what was the Vix today Vad?

[12:31] {Threei} this is immobile market vs what we had back then

[12:32] {Threei} - VIX index -8.5% to just over 25.50

[12:33] {Threei} (US) White House Economic Advisor Summers: Today's GDP data shows the US is turning the corner (related EUR/USD )

[12:33] {Threei} yeah?

[12:33] {Threei} to me, it shows that cash for clunkers and the like injected some temporary life

[12:33] {nemo} Vix around 25 today

[12:33] {nemo} was 80 last winter

[12:34] {Threei} let's see what happens when those programs end

[12:34] {Threei} and if GDP increases then I'll believe that economy is on a mend

[12:49] {Threei} Preview: Treasury's $31B 7-year note auction results due out just after 1pmET

[12:49] {Threei} - $31B is is a $2B increase from the Sep auction

[12:49] {Threei} - prior bid-to-cover was 2.79 pushing the average of the last 8 auctions to 2.51

[12:59] {Threei} F Ohio UAW workers have voted against concessions; vote 75% against (7.33, +0.37, 5.32%)

[12:59] {Threei} let's kill this one too

[12:59] {Threei} and nationalize it

[13:00] {nemo} No...they're doing the right thing...

[13:00] {nemo} They know if Ford gets in enough trouble...the government will come in with a bail out and hand a large portion of the company to the UAW

[13:01] {Threei} oh, you mean right thing as in "let's kill this one too and nationalize it"

[13:01] {nemo} right thing for the union

[13:02] {Threei} TREASURY'S $31B 7-YEAR NOTE AUCTION DRAWS 3.141%; BID-TO-COVER RATIO: 2.65 V 2.79 PRIOR AND 2.51 OVER THE LAST 8

[13:02] {Threei} - indirect bidders take 59.3% of competitive bids

[13:02] {Threei} - 46.8% alotted at the high

[13:09] {Threei} US EIA: Aug crude imports 8.88M bpd; -14% y/y

[13:09] {Threei} - notes lowest Aug month since 1997; lowest for any month since Sept 2008

[13:09] {Threei} US Administation Aide Summers: Bush tax cut expiration may not do much damage to the economy

[13:10] {Threei} huh?

[13:10] {Threei} it's funny

[13:10] {nemo} 3 big tax increases coming, Tax cut expiration, Health Care Plan, CO2 tax...we're going to get crushed

[13:10] {Threei} exporation is coming, they decide to let them expire, an d their evaluation lies betwwen may do much damage or may not do much damage?

[13:11] {nemo} big change on the taxation of dividends

[13:11] {Threei} well, you elected tax and spend guy

[13:12] {Threei} incorporate traders tax, and Cnada will become new USA in aa few years time

[13:12] {nemo} not me dude, but living in The People's Republic of Massachusetts, that's all they do

[13:12] {nemo} Forgot about that one

[13:33] {fernp} ,

[13:36] {Threei} total freeze

[13:44] {nemo} what up with jnpr today?

[13:45] {Threei} no idea

[13:45] {Threei} good thing we spotted it early and bit off our piece

[13:45] {Threei} but to suggest it had such momentum was not possible for me

[13:54] {Threei} mibbit is back up

[14:03] {Threei} (US) Senator Isakson: this will be the last extension of homebuyer tax credit

[14:03] {Threei} - Note: Isakson is a suporter of the homebuyer credit

[14:03] {Threei} **Reminder: On 10/27 Senate leaders were reportedly close to an agreement to extend the $8K first time homebuyers tax credit past the current expiration of Nov 30

[14:09] {Threei} Market Internals update at 2:00pmET

[14:09] {Threei} - NYSE volume 790M shares, about 15% above its three-month average; advancers lead decliners by 6.6:1.

[14:09] {Threei} - NASDAQ volume 1.48B shares, about 2% above its three-month average; advancers lead decliners by 3.1:1.

[14:09] {Threei} - VIX index -10% to just over 25.00

[14:14] {fernp} yes, mibbit is working, but our friends decided take the day off :)

[14:15] {Threei} smart ones at least

[14:15] {Threei} me, I am stuck here

[14:15] {Threei} rain outside anyway

[14:16] {Threei} and tomorrow town will be paralyzed by Olympic torch relay

[14:17] {Threei} HIG continues

[14:17] {fernp} stay home tomorrow. will be safer

[14:17] {Threei} yeah

[14:17] {Threei} if no rain, will go to the nearest point of relay, just 5 min drive from me

[14:19] {Threei} after all, how many times in life one meets Olympic torch

[14:19] {fernp} true

[14:20] {Threei} they'll drag it thgough all of Canada,

[14:20] {Threei} but we are starting point

[14:20] {fernp} take pics and upload them to the blog

[14:21] {fernp} pls

[14:21] {Threei} sure... if no rain :)

[14:21] {Threei} main event will be downtown, with light show etc,

[14:21] {Threei} but there is no way I go there

[14:22] {Threei} crowds will be unbeearable

[14:22] {fernp} yeah!!

[14:22] {Threei} Quiet beach park 5 min drive from me is another matter, that I may try :)

[14:23] {Threei} http://www.sidney.ca/Municipal_Hall/Departments/Information_Services/Virtual_Tours/Tulista_Park.htm

[14:23] {magoo} its time too start looking for moves vad

[14:24] {Threei} not sure mags

[14:24] {Threei} market is still frozen

[14:24] {Threei} just asking for stops, IMO

[14:25] {magoo} soon

[14:25] {Threei} look at the timing of all our calls today

[14:25] {magoo} cant

[14:25] {Threei} 3 of them were over during that morning move

[14:25] {Threei} 4th one was later but rather an exception

[14:25] {Threei} CAT was moving on its own

[14:28] {Threei} (US) Senator Snowe: will not be the 60th vote to break filibuster on healthcare plan - CNBC

[14:29] {Threei} let's see if AET reacts on this

[14:29] {nemo} that's big

[14:29] {Threei} well... Lieberman's announcement was jujst as significant, no?

[14:30] {Threei} and AET didn't really react

[14:30] {nemo} forgot...amzn ballistic

[14:30] {nemo} It's time to say...GOODBYE :)

[14:30] {nemo} Off to sell politically incorrect merchandise

[14:30] {Threei} take care nemo'

[14:30] {fernp} bye nemo

[14:30] {nemo} won't be here in the morning

[14:31] {Threei} we will miss you

[14:31] {Threei} hmmm

[14:31] {nemo} good things I have boots on

[14:31] {Threei} then again... maybe not

[14:31] {nemo} DPWFL

[14:31] {Threei} go already :)

[14:31] {fernp} are you going to trade a friday afternoon?

[14:31] {Threei} AET

[14:32] {Threei} not sure whether it's reaction on Olympia or just spike with market

[14:32] {fernp} MET not moving

[14:33] {Threei} MET is rather GIG's brother, not AET's

[14:33] {Threei} HUM is in the same field as AET

[14:33] {Threei} GIG=HIG

[14:33] {fernp} ok

[14:34] {fernp} and AFL?

[14:35] {fernp} is breaking

[14:35] {Threei} not sure about AFL

[14:36] {Threei} I think it's HIG/MET/PRU field

[14:37] {magoo} AONE at it

[14:39] {fernp} too slow everything

[14:40] {Threei} things are in slow motion

[14:40] {Threei} even such traditionally prly ones as AONE

[14:40] {Threei} perky

[14:41] {magoo} fslr trying for high here

[14:42] {fernp} AFL triying to break .90

[14:45] {dino} lhcg out .52, +.64

[14:45] {dino} all day

[14:45] {dino} trv to .65

[14:46] {fernp} gj dino

[14:46] {dino} slow motion

[14:46] {dino} intc puzzles me

[14:46] {Threei} one legged snail moving through mollasses

[14:47] {fernp} AFL hit 1:1 and then sharp drop

[14:48] {dino} yes and all they do is say things are better every day, seems nobody believes them

[14:48] {Threei} remember I talked earlier about how these chaotic moves happen when market is inactive?

[14:48] {Threei} this is exactly what you see fern

[14:49] {Threei} and that's why I fall asleep when market gets locked like this

[14:49] {Threei} even though magoo is getting angry at me

[14:49] {dino} he gets angry w/all

[14:49] {magoo} vad..read on FSLR?

[14:52] {dino} esi more blood from the apol news, 88 area should be support, down from 115

[14:52] {fernp} you are right Vad, "chaotic moves" that the the correct expression

[14:53] {fernp} that's

[14:55] {Threei} feels to me about done for the day mags

[14:55] {Threei} I doubt it has more upside

[14:55] {Threei} unless market loses its mind and goes berserk

[14:55] {magoo} 129 a launcher?

[14:55] {Threei} could be, but risk is enormous

[14:55] {Threei} can get smacked down in a blink of eye

[14:57] {magoo} how about AMZN?

[14:58] {Threei} this one has a shot at a nice move IF

[14:58] {Threei} holding above .50, breaks .50, and market helps

[14:59] {Threei} holding above .30, sorry

06[15:03] * Threei envisions magoo sitting with his finger on the trigger, tracking every tick in AMZN with his eys, then clicking buy when .50 is brken

[15:04] {magoo} in

[15:05] {magoo} over 122?

[15:06] {Threei} if market helps, and with some srtuglle around .80 - .90 first

06[15:06] * Threei slaps magoo around a bit with a large position in AMZN reaching 1:1

06[15:06] * Threei slaps magoo around a bit with a large roll of cash

[15:07] {magoo} nice spot (magoo) nice read (vad)

[15:07] {Threei} partial out mags

[15:07] {Threei} don't be a donkey

[15:10] {Threei} (IA) US Senate Banking Panel passes Iran sanctions legislation unanimously

[15:10] {Threei} - Note: the House panel passed the Iran petroleum sanctions bill yesterday

[15:11] {Threei} dino... Cramer strikes again eh? never fails

[15:12] {Threei} lol... latest scandal with South Carolina politician invloves 18 years old stripper and... cemetery

[15:13] {Threei} death, taxes and sex?

[15:14] {fernp} lol, like sex, drugs & rock n roll

[15:14] {cosmo} yea.....bunch'a donkeys

[15:14] {Threei} what's with these guys, why do they all get caught all the time

[15:15] {dino} cramer, yeah, yesterday at 4 pmish he says 9500 coming, get out/stay out. today at 11 am ish, he's saying buy good, aapl, amzn etc. buy high sell low i guess

[15:15] {dino} goog

[15:18] {fernp} have to go. see u tomorrow. good evening everybody

[15:19] {Threei} take care fern

[15:21] {dino} cya

[15:22] {dino} trv to .89

[15:25] {dino} to .98

[15:27] {dino} q? is anybody finding that less trading is working better lately, or is that just me?

[15:27] {Threei} I find I do better skipping mid day

[15:27] {dino} 12-2 has hurt me

[15:27] {Threei} morning and last hour or two work, midday takes away

[15:28] {dino} thx, pretty close to what i'm seeing, my early afternoon trades cost me

[15:29] {Threei} it's normal pattern, it's just more pronounced lately

[15:30] {dino} other thing is, i seem to make more $ when under 7 trades/day

[15:31] {Threei} Market Internals update at 3:30pmET

[15:31] {Threei} - NYSE volume 1.03B shares, about 17% above its three-month average; advancers lead decliners by 8.1:1.

[15:31] {Threei} - NASDAQ volume 1.89B shares, about 2% above its three-month average; advancers lead decliners by 3.1:1.

[15:31] {Threei} - VIX index -11% to just below 25.00

[15:32] {dino} rallies on lighter vol., selloffs higher vol., skittish markets

[15:33] {Threei} yup, just a bounce

[15:33] {Threei} yesterday at 3:30:

[15:33] {Threei} NYSE volume 1.25B shares, about 42% above its three-month average; decliners lead advancers by 10.9:1.

[15:33] {Threei} - NASDAQ volume 2.29B shares, about 21% above its three-month average; decliners lead advancers by 5.1:1.

[15:33] {Threei} - VIX index +9% to just over 27.00

[15:33] {dino} same pattern on all pullbacks tho

[15:33] {dino} out trv .98, +.98

[15:34] {dino} all day, 1st trade

[15:34] {strider} wtg dino.

[15:34] {dino} thx

[15:35] {dino} strider look at hmin today

[15:35] {dino} we were day early

[15:35] {Threei} there you go mags

[15:35] {strider} kawabonga

[15:35] {Threei} 122

[15:36] {magoo} nice

[15:37] {dino} these capits are taking longer to bounce, ie hmin, sohu, vfc, etc. starting to think the bigger $ is a day or two after

[15:37] {Threei} even though market was inactive for the most of the day and mibbit killed half of the room, pretty happy with today

[15:37] {Threei} 5 out of 5

[15:38] {dino} gj 2 of 3

[15:38] {Threei} oh mags and notice

[15:38] {Threei} FSLR never went anywhere

[15:38] {Threei} and would be a trap on 129 break

[15:38] {dino} going down like a rat on cheese

[15:38] {Threei} so, that's actually 6 out of 6, lol

[15:39] {Threei} FSLR lost to AMZN like Commodore to Pentium III

[15:39] {strider} GLD followed the market right up. Should it be doing that?

[15:40] {Threei} sure

[15:40] {Threei} that was the pattern lately when they both acted inveresely of USD

[15:40] {dino} followed tbt imo, bonds down gold up

[15:41] {strider} I'm ready for interest rates to start rising.

[15:41] {magoo} ill give u 6

[15:41] {dino} mfsf drop, v thin

[15:41] {magoo} i shorted it 127.50

[15:42] {Threei} covered yet?

[15:43] {magoo} yup now

[15:43] {Threei} good job

[15:51] {strider} HMIN ready to pop again in the morning?

[15:53] {Threei} or open with gap down?

[15:53] {Threei} how do you guess today?

[15:53] {strider} Yep. On the other hand......there's four fingers and a thumb.

[15:54] {Threei} opposable too

[15:54] {strider} Talk to dino. He's the HMIN expert.

[15:54] {Threei} dino... would you being HMIN expert take it overnight?

[15:54] {dino} dk

[15:55] {Threei} that's the answer of a real trader

[15:55] {dino} no overnight imo

[15:55] {dino} safer to wait and see.

[15:55] {strider} Well, maybe Marisa Tomei.

[15:56] {Threei} well... then you won't need opposable thumb

[15:56] {strider} Bwahahahahahahaha

[15:56] {dino} should get back to 31, but who knows when, thats the issue, you can get direction right, but timing is the problem

[15:57] {dino} watch china makets for open clue

[16:00] {dino} who is john galt

[16:00] {strider} Atlas Shrugged

[16:01] {strider} nobody knows

[16:01] {Threei} lol dino

[16:01] {Threei} you'll know in a few hundred pages

[16:01] {strider} shrug

[16:01] {Threei} than you all

[16:01] {Threei} have a good evening, see you tomorrow

[16:01] {dino} :)

[16:02] {strider} Bu-bye